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Business, 25.03.2020 06:37 Pen350

Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best estimate of the current stock price? $37.05 $38.16 $39.30 $40.48 $41.70

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Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5...
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